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Benzinga
Benzinga
Business
Anusuya Lahiri

Mastercard's Future Looks Bright With Turbocharged VAS And Diversified Revenue Mix

MA Mastercard TienTsin Huang Daniel Perlin Will Nance JPMorgan
Mahmutlar, - ,Turkey,-,June,01,,2019:,Mastercard,Plastic,Electronic

Mastercard Inc. (NYSE:MA) reported stronger-than-expected second-quarter results on Thursday, prompting a wave of upward revisions from Wall Street analysts who cited accelerating growth in value-added services (VAS) and solid international volume trends as key drivers of future performance.

The payments giant reported adjusted revenue of $8.13 billion and earnings per share of $4.15, beating consensus estimates. Total net revenue rose 16% year-over-year, while VAS revenue climbed 23% on a reported basis and 22% in constant currency.

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